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Australian (ASX) Gold Industry Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies155
- 7D5.5%
- 3M11.2%
- 1Y110.1%
- YTDn/a
The Gold industry is up 5.5% in the last week, with Northern Star Resources up 10%. This means that the industry has gained 110% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 16 Jan 2026 | AU$173.8b | AU$26.4b | AU$4.6b | 28.7x | 38x | 6.6x |
| Sun, 14 Dec 2025 | AU$159.2b | AU$26.4b | AU$4.6b | 28x | 34.8x | 6x |
| Tue, 11 Nov 2025 | AU$144.2b | AU$26.4b | AU$4.6b | 24.3x | 31.5x | 5.5x |
| Thu, 09 Oct 2025 | AU$148.0b | AU$26.4b | AU$4.6b | 23.5x | 32.3x | 5.6x |
| Sat, 06 Sep 2025 | AU$121.5b | AU$26.8b | AU$4.9b | 18.8x | 25x | 4.5x |
| Mon, 04 Aug 2025 | AU$91.6b | AU$22.4b | AU$3.2b | 15.8x | 28.7x | 4.1x |
| Wed, 02 Jul 2025 | AU$102.0b | AU$22.4b | AU$3.1b | 16.4x | 32.8x | 4.6x |
| Fri, 30 May 2025 | AU$105.0b | AU$22.3b | AU$3.1b | 18.5x | 33.9x | 4.7x |
| Sun, 27 Apr 2025 | AU$93.6b | AU$22.2b | AU$3.0b | 19.4x | 31x | 4.2x |
| Tue, 25 Mar 2025 | AU$82.6b | AU$22.2b | AU$3.0b | 17.6x | 27.2x | 3.7x |
| Thu, 20 Feb 2025 | AU$78.0b | AU$20.1b | AU$2.4b | 20.5x | 32.9x | 3.9x |
| Sat, 18 Jan 2025 | AU$77.4b | AU$18.7b | AU$1.8b | 20.8x | 42.3x | 4.1x |
| Mon, 16 Dec 2024 | AU$74.7b | AU$18.6b | AU$1.8b | 22.1x | 41.2x | 4x |
| Wed, 13 Nov 2024 | AU$69.7b | AU$18.5b | AU$1.8b | 18.6x | 38.6x | 3.8x |
| Fri, 11 Oct 2024 | AU$67.9b | AU$18.4b | AU$1.8b | 21.1x | 37.9x | 3.7x |
| Sun, 08 Sep 2024 | AU$62.7b | AU$18.2b | AU$1.7b | 20.8x | 37.8x | 3.4x |
| Tue, 06 Aug 2024 | AU$60.2b | AU$16.1b | AU$1.1b | 22.7x | 54.1x | 3.7x |
| Thu, 04 Jul 2024 | AU$55.7b | AU$16.0b | AU$1.1b | 20.4x | 51.6x | 3.5x |
| Sat, 01 Jun 2024 | AU$59.8b | AU$17.1b | AU$1.2b | 21.1x | 50.5x | 3.5x |
| Mon, 29 Apr 2024 | AU$59.0b | AU$17.2b | AU$1.2b | 22.1x | 49.4x | 3.4x |
| Wed, 27 Mar 2024 | AU$53.5b | AU$16.9b | AU$1.2b | 17.8x | 43.6x | 3.2x |
| Fri, 23 Feb 2024 | AU$48.3b | AU$16.1b | AU$854.5m | 20.4x | 56.5x | 3x |
| Sun, 21 Jan 2024 | AU$71.2b | AU$22.9b | AU$1.3b | 22.6x | 52.9x | 3.1x |
| Tue, 19 Dec 2023 | AU$75.2b | AU$22.9b | AU$1.3b | 24.8x | 55.9x | 3.3x |
| Thu, 16 Nov 2023 | AU$71.1b | AU$22.9b | AU$1.4b | 21.7x | 52.6x | 3.1x |
| Sat, 14 Oct 2023 | AU$69.3b | AU$23.1b | AU$1.4b | 21.7x | 50.4x | 3x |
| Mon, 11 Sep 2023 | AU$68.5b | AU$22.9b | AU$1.4b | 18.8x | 48.6x | 3x |
| Wed, 09 Aug 2023 | AU$68.0b | AU$22.5b | AU$579.7m | 17.4x | 117.4x | 3x |
| Fri, 07 Jul 2023 | AU$70.8b | AU$22.4b | AU$566.6m | 16.5x | 124.9x | 3.2x |
| Sun, 04 Jun 2023 | AU$73.2b | AU$22.4b | AU$589.6m | 18x | 124.1x | 3.3x |
| Tue, 02 May 2023 | AU$74.7b | AU$22.4b | AU$581.8m | 18.8x | 128.4x | 3.3x |
| Thu, 30 Mar 2023 | AU$68.7b | AU$22.3b | AU$575.9m | 15.4x | 119.3x | 3.1x |
| Sat, 25 Feb 2023 | AU$60.1b | AU$22.1b | AU$414.5m | 16.9x | 144.9x | 2.7x |
| Mon, 23 Jan 2023 | AU$69.0b | AU$20.7b | AU$1.1b | 19.4x | 60.3x | 3.3x |
Price to Earnings Ratio
60.3x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 38.0x which is lower than its 3-year average PE of 62.4x.
- The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 59% per year over the last three years.
- Revenues for these companies have grown 8.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | 1.60% | |
| Materials | 4.27% | |
| Metals and Mining | 4.17% | |
| Gold | 5.45% | |
| Diversified Metals and Mining | 4.48% | |
| Silver | 3.19% | |
| Steel | 1.46% | |
| Copper | 1.15% | |
| Aluminum | -0.70% | |
| Precious Metals and Minerals | -3.28% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NST Northern Star Resources | AU$26.83 | 8.5% +AU$3.0b | 53.8% | PE28.6x | |
| GGP Greatland Resources | AU$12.72 | 10.4% +AU$807.5m | n/a | PE25.4x | |
| RMS Ramelius Resources | AU$4.54 | 9.9% +AU$789.2m | 94.0% | PE18.4x | |
| EVN Evolution Mining | AU$13.12 | 2.3% +AU$609.2m | 134.3% | PE28.8x | |
| CYL Catalyst Metals | AU$9.00 | 24.5% +AU$461.3m | 161.6% | PE25.4x |
